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Prime 7-family investment opportunity in Williamsbridge, Bronx – ideal for long-term income, future development, or a sizable assemblage near the #2 train and major local amenities. A solid 3-story plus walk-in basement, 7-unit residential building on a generous 50 x 100 ft (approx. ) lot in the heart of Williamsbridge/Olinville, Bronx R5 zoning district. Built in 1928 and offering approximately 7, 100+ sq ft of interior space, this property is perfect for investors seeking stable cash flow in a strong rental market with consistent demand for multifamily housing. The building currently contains seven residential units in a classic Bronx walk-up configuration, with a mix of layouts suitable for long-term tenants and strong rent rolls. Wide frontage and a deep lot provide potential for outdoor yard use, storage, or future upgrades, subject to approvals. Situated on a quiet, residential block between White Plains Road and Barnes Avenue, the property benefits from a true neighborhood feel while remaining close to shopping, dining, and everyday services along White Plains Road and surrounding avenues. Public transportation is excellent, with the nearby #2 train providing easy access to Manhattan and other parts of the Bronx, making this address highly attractive to renters and commuters. Schools, parks, and community facilities are all within a short distance, supporting strong rental demand from professionals who want convenience without sacrificing a residential environment. The 7-family building is being offered with an asking price of $2, 250, 000, reflecting its size, location, and income potential in a strong Bronx rental corridor. All information is subject to independent verification; buyers and their architects/engineers should confirm all zoning, FAR, and development potential directly with the appropriate professionals and city agencies.
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Our Executive Mortgage Banker:
$2,250,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $1,800,000 | $1,800,000 | $1,800,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.361% | 6.183% |
| Monthly Tax Payment | $894 | $894 | $894 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $10,220 | $11,083 | $15,189 |
| Total Monthly Payment | $11,239 | $12,102 | $16,208 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.